TOKYO: Asian equities were poised to rise on Friday after a tech-driven rally on Wall Street in which the Nasdaq hit a record high despite downbeat data that affirmed the Fed's dour outlook on U.S. economic recovery.
Markets had opened lower after data showed an unexpected rise of more than 1 million in new U.S. claims for unemployment assistance, which reinforced the Fed's warning on Wednesday about the slackening of the labor market as coronavirus cases rise.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!